Wieboldt Can Sublease

August 14, 1987

Wieboldt Stores Inc. received permission from U.S. Bankruptcy Court to have Northern Realty Group Ltd. look for subleases on its Randhurst and Harlem-Irving stores. Wieboldt, which filed for bankruptcy reorganization last September, currently operates those two stores and one at Ford City, but will close the Ford City operation at the end of August. The Randhurst lease, signed in 1961, runs for 34 more years, and the Harlem-Irving lease, negotiated in 1955, runs for 48 more years.